BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020

Section 123: Panel of Experts.

2020Section 123 of 132Federal Republic of Nigeria

(1) There is established for the Tribunal, a panel of experts who shall provide opinion in cases before the Tribunal as may be required from time to time.
(2) The Bank shall appoint the members of the panel of experts established under subsection (1):
Provided that no person shall be appointed unless such person possesses a minimum of 10 years’ experience in banking and credit or capital market operations.
(3) There shall be a lead expert who shall be so designated by the Bank and shall be responsible for assigning cases that require expert opinion before the Tribunal to members of the panel.
(4) The panel of experts shall be independent and impartial in the performance of its functions.
(5) The panel of experts shall be paid such remuneration as may be determined by the Bank.

Cite this section

Section 123, BANKS AND OTHER FINANCIAL INSTITUTIONS ACT, 2020 (2020).

https://repo.podus.ai/laws/banks-and-other-financial-institutions-act-2020/section/123/